July WTI crude oil futures fall back below $48/barrel following weekly API storage data
- The API reported a draw of 4.62 mln barrels of oil (notably larger than expected), for the week ending June 2 vs. last week's draw of 8.67 mln barrels
- Gasoline showed a build of 4.08 mln barrels and distillates showed a build of 1.75 mln barrels
- July crude is now +$0.56 at $47.96/barrel
